Michael Broughton is an influential entrepreneur and the CEO of Altro (formerly known as Perch), a fintech company that focuses on providing an innovative solution for credit building using recurring payments such as rent and subscriptions. His work aims to break barriers to credit access for underserved communities, bringing financial power to a wider audience. Broughton's efforts have garnered significant attention and investment, notably from high-profile figures such as Jay-Z. Prior to launching Altro, Broughton was recognized as a Thiel Fellow and a Y Combinator graduate, enhancing his credibility and reach within the startup ecosystem.
In recent years, Michael Broughton's company Altro has made notable strides and achieved significant milestones:
Attribute | Information |
---|---|
Full Name | Michael Broughton |
Born | April 20, 1999 (?) |
Nationality | American |
Occupation | CEO, Entrepreneur |
Known For | Founder of Altro, Disrupting Credit Building Systems |
Net Worth | Not publicly disclosed |
Education | University of Southern California (USC) |
Michael Broughton grew up in a large, low-income family, which forced him to become financially independent at an early age. This personal experience deeply influenced his career path and later business ventures. During his university years at USC, Broughton encountered financial challenges, most notably being denied a student loan due to a lack of credit history. This denial motivated his mission to revolutionize credit-building systems, eventually leading to the creation of Altro.
Michael Broughton embarked on a career path deeply influenced by his personal struggles with the credit system:
As of 2025, Michael Broughton continues to lead Altro, focusing on expanding its user base and enhancing the platform's capabilities to provide credit access to more users. Under his leadership, Altro has not only become a tool for credit building but also a transmitter of financial education, aiming to increase overall financial literacy among its users. Broughton's work is reshaping the financial landscape, specifically targeting the systemic barriers faced by marginalized communities.
Michael Broughton's net worth is not publicly disclosed. However, his company Altro's valuation and successful funding rounds suggest his significant standing in the financial and entrepreneurial sectors.
Michael Broughton has carved a niche for himself as a pioneer in the fintech industry, focusing on democratizing financial tools and systems for those historically underserved by conventional banking. His innovative approach with Altro, coupled with strategic partnerships and community engagement, continues to redefine credit building for a modern audience. As Broughton and his company expand their influence, their impact on financial inclusivity promises to be profound, bridging gaps in an often exclusive sector.